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Beverage Packaging Market by Material and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 122
  • SKU: IRTNTR44911
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The beverage packaging market share is expected to increase by USD 75.01 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6%.

This beverage packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers beverage packaging market segmentations by material (rigid plastics, glass, metal, and others) and geography (APAC, Europe, North America, South America, and MEA). The beverage packaging market report also offers information on several market vendors, including Amcor Plc, Ardagh Group SA, Ball Corp., Crown Holdings Inc., DS Smith Plc, Mondi Group, O-I Glass Inc., Smurfit Kappa Group Plc, Tetra Laval International SA, and WestRock Co. among others.

What will the Beverage Packaging Market Size be During the Forecast Period?

Beverage Packaging Market Size

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Beverage Packaging Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising consumption of bottled water is notably driving the beverage packaging market growth, although factors such as growing opposition to the use of plastic bottles may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the beverage packaging market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Beverage Packaging Market Driver

One of the key factors driving the beverage packaging market growth is the rising consumption of bottled water. The consumption of bottled water is growing in many countries such as the US. The majority of growth in bottled water consumption relative to other beverages comes from people switching to bottled water from other less-healthy packaged drinks. Rising awareness about waterborne diseases and the growing requirement of clean drinking water also increase the demand. The growing demand for bottled water has encouraged some of the bottled water vendors to expand their product offerings. Some of the bottled water launches witnessed in the market are mentioned below:In August 2020, ZenWTR announced the launch of new bottled water in a 100% post-consumer recycled bottle, made from certified ocean-bound plastic. In June 2019, All Market announced the launch of a new eco-friendly aluminum bottled water brand Ever & Ever. Hence, the growing number of product launches in the bottled water segment can also influence the demand for beverage packaging during the forecast period.

Key Beverage Packaging Market Trend

Another key factor driving the beverage packaging market growth is the rising demand for functional drinks. Functional drinks include energy drinks as well as RTD coffee and tea, and there is a rise in the consumption of these functional drinks. Energy drinks are mostly seen as a lifestyle choice for the millennials as they lead incredibly busy lives in most countries. RTD tea and coffee are convenient choices for people with rising disposable income and a need to sip their beverages on the go. For instance, in June 2020, PepsiCo announced the launch of new iced packaged coffees in partnership with Italian Coffee Company Luigi Lavazza. In February 2020, Silk launched two plant-based ready-to-drink latte varieties, combining almond and oat milk with coffee. In March 2019, Coca-Cola announced the launch of its first energy drink under the Coca-Cola brand Coca-Cola Energy. Such product launches in the functional drinks segment can also increase the demand for beverage packaging solutions during the forecast period.

Key Beverage Packaging Market Challenge

Growing opposition to the use of plastic bottles is one of the key challenges hindering the beverage packaging market growth. Plastic bottles could take over 800 years to decompose in a landfill. PET bottles contribute heavily to the problem of environmental pollution worldwide; hence, many organizations, agencies, and governments have banned the use of plastics. Many countries, such as Australia and Kenya, have already banned or imposed taxes on the use of plastic bags. For instance, in June 2020, the government of the Indian state of Tamil Nadu reported publishing a notification banning the use of plastic for food and beverage packaging with immediate effect. In February 2020, the Mayor of New York City in the US announced banning the sale of single-use plastic beverage bottles on city-owned and leased properties. Thus, the growing opposition to the use of plastic bottles is expected to hamper the growth of the global beverage packaging market.

This beverage packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global beverage packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the beverage packaging market during the forecast period.

Who are the Major Beverage Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Ardagh Group SA
  • Ball Corp.
  • Crown Holdings Inc.
  • DS Smith Plc
  • Mondi Group
  • O-I Glass Inc.
  • Smurfit Kappa Group Plc
  • Tetra Laval International SA
  • WestRock Co.

 

This statistical study of the beverage packaging market encompasses successful business strategies deployed by the key vendors. The beverage packaging market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Amcor Plc - The company offers packaging solutions for dry beverages and liquid beverages such as coffee powder, tea , flavor enhancements, beer, wine, juice, water and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The beverage packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Beverage Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the beverage packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Beverage Packaging Market?

Beverage Packaging Market Market segmentation by region

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47% of the market's growth will originate from APAC during the forecast period. China, Japan and India are the key markets for beverage packaging in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Factors such as the rising disposable income of the population and an increase in the average temperature will facilitate the beverage packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional market is witnessing certain challenges due to the second wave of the COVID-19 pandemic. India, China, Pakistan, and Bangladesh are some of the most affected countries by the pandemic in the region. For instance, according to the World Health Organization, as of May 24, 2021, the total number of COVID-19 cases in India was 28,441,986. Governments in the region have imposed strict lockdowns, following which vendors have complied with regulations and partially shut down their operations until lockdown restrictions are lifted. Such factors can affect the demand for beverage packaging and may hinder the potential growth of the regional market during the forecast period.

What are the Revenue-generating Material Segments in the Beverage Packaging Market?

Beverage Packaging Market Segmentation

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The beverage packaging market share growth by the rigid plastics will be significant during the forecast period. PET, polystyrene, and polypropylene (PP) are some of the rigid plastics frequently used in beverage packaging. Compared to other packaging materials such as metal and glass, the demand for rigid plastic packaging is increasing rapidly. Moreover, rigid plastic is one of the popular types of packaging material, which is preferred by buyers due to its various advantages such as low weight compared to glass.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the beverage packaging market size and actionable market insights on post COVID-19 impact on each segment.

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Beverage Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 75.01 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Ardagh Group SA, Ball Corp., Crown Holdings Inc., DS Smith Plc, Mondi Group, O-I Glass Inc., Smurfit Kappa Group Plc, Tetra Laval International SA, and WestRock Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Beverage Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive beverage packaging market growth during the next five years
  • Precise estimation of the beverage packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the beverage packaging market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of beverage packaging market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Metal and glass containers market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Material

    • 5.1 Market segments
      • Exhibit 15: Material - Market share 2020-2025 (%)
    • 5.2 Comparison by Material
      • Exhibit 16: Comparison by Material
    • 5.3 Rigid plastics - Market size and forecast 2020-2025
      • Exhibit 17: Rigid plastics - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Rigid plastics - Year-over-year growth 2020-2025 (%)
    • 5.4 Glass - Market size and forecast 2020-2025
      • Exhibit 19: Glass - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Glass - Year-over-year growth 2020-2025 (%)
    • 5.5 Metal - Market size and forecast 2020-2025
      • Exhibit 21: Metal - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Metal - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Material
      • Exhibit 25: Market opportunity by Material

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 26: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 42: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 43: Landscape disruption
          • Exhibit 44: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 45: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 46: Market positioning of vendors
        • 10.3 Amcor Plc
          • Exhibit 47: Amcor Plc - Overview
          • Exhibit 48: Amcor Plc - Business segments
          • Exhibit 49: Amcor Plc - Key news
          • Exhibit 50: Amcor Plc - Key offerings
          • Exhibit 51: Amcor Plc - Segment focus
        • 10.4 Ardagh Group SA
          • 10.5 Ball Corp.
            • Exhibit 57: Ball Corp. - Overview
            • Exhibit 58: Ball Corp. - Business segments
            • Exhibit 59: Ball Corp. - Key news
            • Exhibit 60: Ball Corp. - Key offerings
            • Exhibit 61: Ball Corp. - Segment focus
          • 10.6 Crown Holdings Inc.
            • Exhibit 62: Crown Holdings Inc. - Overview
            • Exhibit 63: Crown Holdings Inc. - Business segments
            • Exhibit 64: Crown Holdings Inc. - Key news
            • Exhibit 65: Crown Holdings Inc. - Key offerings
            • Exhibit 66: Crown Holdings Inc. - Segment focus
          • 10.7 DS Smith Plc
            • Exhibit 67: DS Smith Plc - Overview
            • Exhibit 68: DS Smith Plc - Business segments
            • Exhibit 69: DS Smith Plc - Key news
            • Exhibit 70: DS Smith Plc - Key offerings
            • Exhibit 71: DS Smith Plc - Segment focus
          • 10.8 Mondi Group
            • Exhibit 72: Mondi Group - Overview
            • Exhibit 73: Mondi Group - Business segments
            • Exhibit 74: Mondi Group - Key news
            • Exhibit 75: Mondi Group - Key offerings
            • Exhibit 76: Mondi Group - Segment focus
          • 10.9 O-I Glass Inc.
            • Exhibit 77: O-I Glass Inc. - Overview
            • Exhibit 78: O-I Glass Inc. - Business segments
            • Exhibit 79: O-I Glass Inc. - Key news
            • Exhibit 80: O-I Glass Inc. - Key offerings
            • Exhibit 81: O-I Glass Inc. - Segment focus
          • 10.10 Smurfit Kappa Group Plc
            • Exhibit 82: Smurfit Kappa Group Plc - Overview
            • Exhibit 83: Smurfit Kappa Group Plc - Business segments
            • Exhibit 84: Smurfit Kappa Group Plc - Key news
            • Exhibit 85: Smurfit Kappa Group Plc - Key offerings
            • Exhibit 86: Smurfit Kappa Group Plc - Segment focus
          • 10.11 Tetra Laval International SA
            • Exhibit 87: Tetra Laval International SA - Overview
            • Exhibit 88: Tetra Laval International SA - Business segments
            • Exhibit 89: Tetra Laval International SA - Key news
            • Exhibit 90: Tetra Laval International SA - Key offerings
            • Exhibit 91: Tetra Laval International SA - Segment focus
          • 10.12 WestRock Co.
            • Exhibit 92: WestRock Co. - Overview
            • Exhibit 93: WestRock Co. - Business segments
            • Exhibit 94: WestRock Co. - Key news
            • Exhibit 95: WestRock Co. - Key offerings
            • Exhibit 96: WestRock Co. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 97: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 98: Research Methodology
              • Exhibit 99: Validation techniques employed for market sizing
              • Exhibit 100: Information sources
            • 11.4 List of abbreviations
              • Exhibit 101: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Beverage Packaging Market market growth will increase by $75.01 bn during 2021-2025.
            The beverage packaging market market is expected to grow at a CAGR of 6% during 2021-2025.
            Technavio has segmented the beverage packaging market market by material (Rigid plastics, Glass, Metal, and Others) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
            Amcor Plc, Ardagh Group SA, Ball Corp., Crown Holdings Inc., DS Smith Plc, Mondi Group, O-I Glass Inc., Smurfit Kappa Group Plc, Tetra Laval International SA, WestRock Co. are a few of the key vendors in the beverage packaging market market.
            APAC will register the highest growth rate of 47% among the other regions. Therefore, the beverage packaging market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the beverage packaging market market growth are:
            • rising consumption of bottled water
            • Rising demand for functional drinks
            The beverage packaging market market vendors should focus on grabbing business opportunities from the rigid plastics segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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